Listed below are the weekly cash register tape amounts for service fees and the related cash counts during the month of July. A change fund of $$200$ is maintained.

Date

Change Fund

Cash Register

Actual Cash

Receipt Amount

Counted

Aug. $1$ $$200$ $$292\mathrm{.}50$ $$495\mathrm{.}00$

$8200305\mathrm{.}00501\mathrm{.}50$

$15200286\mathrm{.}00486\mathrm{.}00$

$22200330\mathrm{.}25532\mathrm{.}75$

$29200299\mathrm{.}20495\mathrm{.}00$

Required:

$1.$ Prepare the journal entries to record the cash service fees and cash short and over for each of the five weeks.

$2.$ Post to the cash short and over account $($use Account No$.516).$

$3.$ Determine the ending balance of the cash short and over account. Does it represent an expense or revenue?